$38m wasted on dropouts

Even the very few people who think making the first year or tertiary study fee-free must acknowledge that wasting $38m on dropouts is not good use of public money:

Students aren’t paying, but the taxpayer will. According to 2013 data, 14 percent of first year university students failed to complete their studies.

In its first year, the fees free policy will cost $275 million. If 14 percent of students drop out that means a potential $38 million could be spent on them.

The Government expects more people will enrol as a result of the policy – so in its second year, it will cost $372 million.

If dropout rates remain the same, that means a potential waste of $58 million.

“The government is giving money to rich kids and wasting it,” Mr Seymour said.

The $38 million is on top of what taxpayers already cover in fees for those who drop out.

Before the fees free policy was adopted, the Government was already funding 71 percent of the $2 billion cost of tuition.

It’s ridiculous that $38m is being wasted one dropouts, it’s no better that most of the rest of this year’s $275 million is being wasted on people who would have been enrolling for tertiary education anyway.

Just think how much good that money could do if it was spent on the children failing earlier in the education system – the ones who can’t read and write.

Unlike tertiary graduates who will generally earn far more than non-graduates over their working lives, these people might never be able to get employment.

 

4 Responses to $38m wasted on dropouts

  1. adamsmith1922 says:

    Reblogged this on The Inquiring Mind and commented:
    This is a bribe to the more affluent at the expense of many who really need help.

    Like

  2. Marc Sparks says:

    “Just think how much good that money could do if it was spent on the children failing earlier in the education system – the ones who can’t read and write.”

    It’s worse than you think, successful low profile programs targeting precisely those at risk at primary level are being systematically gutted to pay for this free first year tertiary debacle.

    Like

  3. Seabird says:

    If these kids don’t complete their first year they should be forced to reimburse any tuition costs that the tax payer of New Zealand have forked out to these losers.

    Like

  4. NITISH says:

    i feel guilty of dropping out,but i had already paid one year fees in advance.
    i beleive one should atleast pay , if they attended for full year.

    Like

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